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China’s new bank loans hit record high in January: report
China’s new bank loans hit record high in January: report
Officials are also rolling out more measures to support the economy.
Weekly Global News Wrap: US banks collect lower overdraft fees; Citi asked to improve internal oversight
And investment to hedge funds hit a new low, according to Goldman Sachs.
India’s private banks’ NIMs contract 32 basis points in Oct-Dec 2023
Growth in unsecured loans is expected to slow, which will impact credit growth and NIMs.
Mizuho Financial Group plans to inject $5.7m to trust banking arm
This is so that MTBC can acquire over 600,000 shares of Mizuho.
Mizuho names new president and CEO for trust banking arm
Kenichi Sasada was head of the asset management division and real estate unit.
Chart of the Week: Indian banks’ credit exposure to NBFCs slows in Dec
However, the growth trajectory is still higher compared to a couple of years ago, data showed.
Thai banks brace for a rise in loan defaults in 2024: analyst
The sector grapples with elevated costs and weak loans, S&P said.
Embedded finance, partnerships to shape future of SEA fintechs
Digital payments, WealthTechs, and cryptocurrency are also slated for growth.
Alipay+ adds 9 int’l e-wallets to Thai ecosystem ahead of CNY
A large number of the 1 million tourists visiting Thailand for the holidays are from China.
Malaysia proposes revisions to Islamic banking regulations
The central bank is inviting feedback to its exposure draft, until 31 March.
Bendigo and Adelaide Bank warns of impersonation scams
Criminals pose as bank brands to phish money and banking information.
Citi Securities Services launched FIX API connectivity in ETF platform
This comes at just the right time with the ETF industry's impending move to T+1.
Hong Kong mulls raising deposit protection limit to HK$800,000
The raise is 60% higher than the previous protection limit of half a million dollars.
Korean financial regulator vows to fight contagion risks from property financing: report
Lee called these real estate PF risks a “detonator” of the South Korean economy.
Korea’s Woori Financial Group logs 19% lower net income in 2023
Dividend income was 50% higher, however.
National Australia Bank appoints Andrew Irvine as new group CEO
He will also become NAB’s managing director, beginning 2 April.
DBS CEO Piyush Gupta takes S$4.14m variable pay cut for tech disruptions
The group management committee’s compensation was reduced by 21%.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
